Commerce and Management
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ABOUT COMMERCE AND MANAGEMENT

In today’s time, every industry is dependent on business skills. The right skills and attitude to do business is necessary to sell every commodity that is manufactured and also to provide services. In the current scenario with increasing population and their demands, need to have skilful and competent commerce graduates is growing to take care of the financial health of every business.

To meet the growing demand for commerce graduates, AISEC university has established the department of commerce to impart knowledge and skills to the students for their flourishing career in the business and trade sector. In early times commerce education was limited for doing accounting job but with time new streams emerged as business administration, chartered accountant, and company secretary.

Being rated as one of the top commerce colleges in India, the faculty of the department of commerce emphasis imparting in-depth knowledge of commerce in students and developing their mindset, attitudes, and skills to create best professionals, managers, and leaders for the trade and commerce industry.

AISECT department of commerce works on developing communication skills, computer knowledge, inter and intrapersonal skills to make students eligible to get jobs in the best corporates with good salary packages. It also conducts industrial visits, internship programs, and field projects to assist students in having hands-on experience and exposure to the real problems of the business world.

The department of commerce also invites renowned people from the corporate sector to give lectures and interact with students during seminars and conferences for the overall growth and welfare of students.

Being one of the best commerce colleges in India, the AISECT department of commerce keeps pace with the latest trends in commerce education, emerging skill sets, usage of computer applications, and practical training programs to make students eligible to face real challenges of the business world. AISECT department of commerce has tie-ups with all the major renowned corporate and business firms to conduct various courses and activities regularly to impart value addition in students’ education. These activities and courses make students aware of the latest trends happening in India and in abroad e.g. Demonetisation, Digital Banking, New Ordinance, GST, etc.

Being the best commerce college in Ranchi AISECT department of commerce has restructured the traditional commerce education into modern commerce education. The course curriculum gives stress upon practical training and research-oriented learning in fields like finance, transport, marketing, labour, cooperation, international business, e-commerce, corporate governance, etc.

AISECT department of commerce offers graduation and post-graduation courses to meet the growing demand of business houses.


FACULTIES WITH THEIR EXPERIENCE & SPECIALIZATION
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PROGRAMMES OFFERED BY COMMERCE
Bachelor of Commerce (honours) {B.com (Hons.)}
Eligibility : - After passing the HSC examination with maths/commerce.
Duration : - Three years divided into six semesters with two semesters in each year.
Program Outcome
Towards the end of the programme, students will be able to:
  • Develop an ability to effectively communicate
  • Appreciate importance of working independently and in a team
  • Have exposure of complex commerce problems and find their solution.
  • Process information by effective use of IT tools
  • Understand required mathematical, analytical and statistical tools for financial and accounting analysis
  • Develop an understanding of various commerce functions such as finance, accounting, Financial analysis, project evaluation, and cost accounting
  • Develop self-confidence and awareness of general issues prevailing in the society
Program Specific Outcome
  • Apply knowledge will analyze and evaluate positions on economic issues,
  • Showing that they can break an economic issue down into the various economic principles and concepts that form the basis of the position
  • Identify the competing sides on the issue.
  • Specific knowledge will critique an economic position in terms of the accuracy of its representations of economic principles.
  • Specific knowledge of concepts and the soundness of its use of those concepts and principles to make a claim about economics.
  • Specific knowledge will solve real-world economic problems effectively in the context of an industry or field of study.
  • Specific knowledge that they can identify and collect the appropriate economic data, analyze data in terms of costs and benefits, present economic data.
Overview

B. Com (Hons.) is an undergraduate degree program of the duration of three years divided into six semesters with two semesters in each year. It is different from the normal B. Com course despite these two courses belong to the same academic field.

B. Com (Hons.) is a combination of commerce and business studies. The course curriculum focuses on building business acumen, managerial skills, and business analytics along with financial and accounting knowledge. The main subjects of this degree program are statistics, economics, finance, cost accounting, English, human resource, law, marketing, accountancy, computer science, management and more. Apart from infusing traditional knowledge from the textbooks, students are also given case studies and extensive project assignments to develop and enhance critical thinking approach for solving real problems of the trade and business.

Career prospects

After completing B. Com (Hons.) students can secure the following job positions.

  • Accountant
  • Tax consultant
  • Financial analyst
  • Business consultant
Master of Commerce (M. Com)
Eligibility : - B. Com with 45% marks for Gen. and 40% for OBC/SC/ST
Duration : -Two years divided into four semesters with two semesters for each year
Program Outcome

As a result of completing this program, students should be able to

  • Apply knowledge will use effective technology appropriately, such as PowerPoint, slides, posters, handouts, and transparencies in oral presentations.
  • Apply knowledge skills and ethical perspectives relevant to core business areas, including marketing, statistics, financial accounting, management accounting, finance, economics, information systems, strategic management, organizational behavior, and commercial law
  • Specific skill technical and quantitative aspects of management related to financial services, including the study of financial markets, financial instruments and investment decision-making, as well as the analysis of alternative methods employed by institutions and individuals to obtain, manage and use capital.
  • Apply knowledge organizations and management processes, by showing that they can take a global perspective regarding accounting procedures and practices, for both descriptive and prescriptive purposes.
  • Apply knowledge will work effectively in teams, by exhibiting the kinds of behaviors that mark an effective team member: working co-operatively with others, accepting divergent views, encouraging active participation of others, dealing productively with conflict, and taking leadership roles as the need arises.
  • Apply that they can document clearly and precisely their own procedures of observation and research to satisfy both the client’s needs and the requirements of the legal system.
  • This ability is especially important when explaining accounting information to lay audiences.
Program Specific Outcome
  • Analyze organizational problems and generate realistic solutions based on current academic research in organizational behavior.
  • Apply knowledge of microeconomic theory as it relates to markets, firms, government policy, and resource allocation.
  • Apply knowledge in hypothetical situations in research Methodology
  • Apply knowledge of the management field
  • Apply knowledge working knowledge of finance.
  • Apply knowledge working knowledge of international commerce.
  • Apply knowledge working knowledge of marketing.
  • Apply knowledge working knowledge of the quantitative analysis techniques applied within common business situations.
Overview

M. Com is two years post-graduation degree course divided into four semesters with two semesters in each year. Students can choose the subject of specialization during their degree course such as:

  • M.Com (Taxation)
  • M.Com (Banking &Finance)
  • M.Com (Accounting & Commerce)
  • M.Com (Economics)
  • M. Com (Accountancy)

The course provides in-depth operational knowledge of economy, revenue, trade, taxes, etc that are already taught in B.Com. The following are the main subjects of M.Com.

  • Managerial accounting
  • Economics
  • Commerce
  • Statistical Analysis
  • Financial Management and Policy
  • Accounting Theory and Practices

Apart from providing traditional theoretical knowledge from the textbooks, students are also given case studies and extensive project assignments to develop and enhance critical thinking approaches for solving real problems of the trade and business.

Career Prospects

After Completing M.Com. from a commerce college in Ranchi, students can pursue professional courses like a chartered accountant, company secretary, and ICWA or pursue specialized courses like actuarial science, entrepreneurship, auditing, e-commerce, taxation, and accounting, etc.
M.Com students can also secure following job profiles.

  • Financial consultant in banking and finance sector
  • Financial portfolio manager
  • Stockbroker
  • Project manager
  • Tax consultant
  • Financial budget consultant
Board of Studies
Internal Members

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External Members

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Academic Calendar
Co-Curricular Activities (Session Jan - Dec 2018)

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jharkhand Management Association Chapter

10th February 2018




Activity Calendar
Activity Calendar, Faculty of Commerce

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LIBRARY & LABORATORIES (FACILITIES & DESCRIPTIONS)
Library Books Details - Dept of Commerce

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RESEARCH
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Guest Lecture

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ARCHIEVES (PHOTOGRAPHS)